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112 W Front Street Monroe, MI 48161
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Key Details
Sold Price $390,000
Property Type Commercial
Sub Type Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 6,790 sqft
Price per Sqft $57
MLS Listing ID 57050167206
Sold Date 07/09/25
Year Built 1900
Annual Tax Amount $9,310
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 43 x 91
Property Sub-Type Real Estate Only
Source Southeastern Border Association of REALTORS®
Property Description
Check out this awesome investment property! It's located right on the riverfront, in a vibrant downtown area. It's a mixed-use property with three office suites and three cozy one-bedroom apartments. There's even a large garage and a spacious basement. The property was renovated back in 1995, so it's got a great mix of old and new charm. It has a new roof and new A/C units. This property is very well kept. The gross rents are a whopping $56,000, and the net operating income is $37,000. Plus, it's super convenient - it's right next to a park, the River Raisin, and a bakery shop. What more could you want?
Location
State MI
County Monroe
Area Monroe
Zoning Commercial
Interior
Hot Water Natural Gas
Heating Forced Air, Central Air
Heat Source Natural Gas
Exterior
Roof Type Metal
Road Frontage Paved
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Monroe
Others
Tax ID 2900447000
Ownership Corporate/Relocation,Short Sale - No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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Bought with Coldwell Banker Haynes R.E. in Monroe